RVDV Consult: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RVDV Consult
Largest movements
- Tangible fixed assets +€502,661
up €502,661 (+140%), from €358,762 to €861,423
of which Land and buildings: +€520,319
- Current investments -€90,606
no longer reported in 2025 (was €90,606)
- Cash +€25,492
up €25,492 (+63.6%), from €40,064 to €65,556
mainly Debts after one year (+€335,755) and Current investments (+€90,606)
- Debts after one year +€335,755
up €335,755 (+360%), from €93,137 to €428,892
- Current portion of long-term debt +€45,301
up €45,301 (+239%), from €18,943 to €64,245
- Reserves +€36,018
up €36,018 (+12.7%), from €283,349 to €319,367
of which Distributable reserves: +€36,018
- Other debts +€20,766
up €20,766 (+178%), from €11,636 to €32,402
- Financial income +€24,213
up €24,213 (+1,151%), from €2,104 to €26,317
- Taxes +€7,569
up €7,569 (+29.8%), from €25,360 to €32,928
- Depreciation +€1,893
up €1,893 (+6.0%), from €31,680 to €33,573
- Gross operating margin +€1,572
up €1,572 (+1.3%), from €118,594 to €120,166
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €514,416 | €954,392 | +€439,976 | +85.5% |
| Fixed assets | 21/28 | €358,762 | €861,423 | +€502,661 | +140% |
| Tangible fixed assets | 22/27 | €358,762 | €861,423 | +€502,661 | +140% |
| Land and buildings | 22 | €288,577 | €808,896 | +€520,319 | +180% |
| Plant, machinery and equipment | 23 | €10,080 | €9,240 | -€840 | -8.3% |
| Furniture and vehicles | 24 | €60,105 | €43,287 | -€16,819 | -28.0% |
| Current assets | 29/58 | €155,654 | €92,969 | -€62,684 | -40.3% |
| Amounts receivable within one year | 40/41 | €24,983 | €27,413 | +€2,430 | +9.7% |
| Trade receivables | 40 | €24,983 | €27,413 | +€2,430 | +9.7% |
| Current investments | 50/53 | €90,606 | - | -€90,606 | |
| Cash at bank and in hand | 54/58 | €40,064 | €65,556 | +€25,492 | +63.6% |
| Total equity and liabilities | 10/49 | €514,416 | €954,392 | +€439,976 | +85.5% |
| Equity | 10/15 | €352,005 | €388,023 | +€36,018 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €283,349 | €319,367 | +€36,018 | +12.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €281,489 | €317,507 | +€36,018 | +12.8% |
| Profit (loss) carried forward | 14 | €62,456 | €62,456 | = | 0.0% |
| Amounts payable | 17/49 | €162,411 | €566,370 | +€403,958 | +249% |
| Amounts payable after more than one year | 17 | €93,137 | €428,892 | +€335,755 | +360% |
| Financial debts | 170/4 | €93,137 | €428,892 | +€335,755 | +360% |
| Amounts payable within one year | 42/48 | €69,274 | €137,477 | +€68,203 | +98.5% |
| Current portion of amounts payable after more than one year | 42 | €18,943 | €64,245 | +€45,301 | +239% |
| Trade debts | 44 | €3,047 | €3,301 | +€255 | +8.4% |
| Suppliers | 440/4 | €3,047 | €3,301 | +€255 | +8.4% |
| Taxes, remuneration and social security | 45 | €35,648 | €37,529 | +€1,881 | +5.3% |
| Taxes | 450/3 | €32,269 | €37,529 | +€5,260 | +16.3% |
| Remuneration and social security | 454/9 | €3,379 | - | -€3,379 | |
| Other amounts payable | 47/48 | €11,636 | €32,402 | +€20,766 | +178% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,680 | €33,573 | +€1,893 | +6.0% |
| Other operating charges | 640/8 | €1,672 | €1,771 | +€99 | +5.9% |
| Gross operating margin | 9900 | €118,594 | €120,166 | +€1,572 | +1.3% |
| Operating profit (loss) | 9901 | €85,242 | €84,822 | -€420 | -0.5% |
| Financial income | 75/76B | €2,104 | €26,317 | +€24,213 | +1,151% |
| Recurring financial income | 75 | €2,104 | €26,317 | +€24,213 | +1,151% |
| Financial charges | 65/66B | €5,254 | €6,372 | +€1,118 | +21.3% |
| Recurring financial charges | 65 | €5,254 | €6,372 | +€1,118 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €82,092 | €104,768 | +€22,676 | +27.6% |
| Income taxes | 67/77 | €25,360 | €32,928 | +€7,569 | +29.8% |
| Profit (loss) for the period | 9904 | €56,732 | €71,839 | +€15,107 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,732 | €71,839 | +€15,107 | +26.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.